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Br Pensioners

Volume 227: debated on Friday 2 July 1993

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To ask the Secretary of State for Transport on what actuarial basis funds will be allocated to existing British Rail pensioners on the establishment of the proposed joint industry fund.

The allocation of assets will take full account of the future liabilities to pensioners and will be subject to independent actuarial advice in the light of the results of the latest actuarial valuation of the schemes.